Fintech and E-commerce sectors witness unprecedented investment surge, though number of deals drop.
Egyptian VC firm Acasia Ventures leads the pre-seed investment round in Balad, a remittance-focused fintech startup in Cairo.
Tarabut Gateway, a leading open banking platform, raises USD 32 million in funding to drive financial innovation in Saudi Arabia
Convergence Partners has acquired a strategic stake in 42Markets Group, an incubator, investor and builder of high-growth specialist businesses in the financial and capital markets sector.
Smile Identity has announced its acquisition of Appruve, the move is set to expand Smile Identity’s footprint across Africa and consolidate its position as a top provider of digital KYC and identity verification solutions.